Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
student competition 2020

Airbus, Safran sign agreement for space launchers

Line Spacing+- AFont Size+- Print This Article

AMSTERDAM/ PARIS (BNS): European conglomerate Airbus Group and French company Safran have signed an agreement for the second and final phase of their 50/50 joint venture programme, Airbus Safran Launchers.

Under the first phase of the JV, Airbus Group and Safran created a joint programme company with their respective civil programme contracts and major participations related to civil launcher activities.

Both companies will contribute to the current joint programme with industrial assets dealing with both civil space launchers and military launchers, Airbus announced in a statement on May 2.

In this second and final phase, industrial assets and military launchers will be integrated in the joint-venture, the statement said, adding that the Airbus Safran Launchers will be a full-fledged operational company.

The new company will employ around 8,000 staff and provide competitive solutions based on a family of versatile, high-performance, cost-competitive launchers that meet the needs of both government and commercial customers.

This deal will ensure the success of the European space launcher business in the face of growing international competition, the statement added.

Tags:

Airbus  Safran  Space  Launcher  JV  military  
Line Spacing+- AFont Size+- Print Article

Other Related News

India announces restrictions on import of 101 defence items

In a mega push to boost domestic defence production, Defence Minister Rajnath Singh has announced that India will stop import of 101 weapons and military platforms like transport aircraft, light combat helicopters, conventional submarines, cruise missiles and sonar systems under a staggered timeline till 2024.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2020

Brahmand World Defence Update

Image Gallery